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6 months ago
BRIEF-Sunstone Hotel investors announces sale of 444-room Fairmont Newport Beach for $125 mln
February 13, 2017 / 1:35 PM / 6 months ago

BRIEF-Sunstone Hotel investors announces sale of 444-room Fairmont Newport Beach for $125 mln

Feb 13 (Reuters) - Sunstone Hotel Investors Inc :

* Sunstone Hotel investors announces the sale of the 444-room Fairmont Newport beach for $125.0 million

* Says sale of 444-room fairmont newport beach resulted in an estimated net book gain of about $44 million

* Sale of 444-room fairmont newport beach is estimated to increase 2017 taxable income by approximately $37 million Source text for Eikon: Further company coverage:

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